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REGISTERED NUMBER: 04227287 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

THE RESTORATION COMPANY (TEESSIDE)
LIMITED

THE RESTORATION COMPANY (TEESSIDE)
LIMITED (REGISTERED NUMBER: 04227287)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


THE RESTORATION COMPANY (TEESSIDE)
LIMITED (REGISTERED NUMBER: 04227287)

ABRIDGED BALANCE SHEET
31 MAY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 62,160 61,893
62,160 61,893

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 2,110 25,025
Cash at bank 13,129 21,193
16,739 47,718
CREDITORS
Amounts falling due within one year 54,546 97,607
NET CURRENT LIABILITIES (37,807 ) (49,889 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,353

12,004

PROVISIONS FOR LIABILITIES 11,810 11,760
NET ASSETS 12,543 244

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 12,541 242
SHAREHOLDERS' FUNDS 12,543 244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE RESTORATION COMPANY (TEESSIDE)
LIMITED (REGISTERED NUMBER: 04227287)

ABRIDGED BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:




Mr C Howden - Director



Mrs N J Howden - Director


THE RESTORATION COMPANY (TEESSIDE)
LIMITED (REGISTERED NUMBER: 04227287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

The Restoration Company (Teesside) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04227287

Registered office: Spitfire House
19 Falcon Court
Preston Farm Industrial Estate
Stockton-on-Tees
TS18 3TU

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents income receivable from work done in the period, excluding value added tax.

Intangible assets
Licences, being the amount paid in connection with purchase of three Servicemaster franchises in 1996, are being amortised over six years as from 1 June 2016.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


THE RESTORATION COMPANY (TEESSIDE)
LIMITED (REGISTERED NUMBER: 04227287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1 June 2022
and 31 May 2023 58,000
AMORTISATION
At 1 June 2022
and 31 May 2023 58,000
NET BOOK VALUE

At 31 May 2023 -
At 31 May 2022 -

THE RESTORATION COMPANY (TEESSIDE)
LIMITED (REGISTERED NUMBER: 04227287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 June 2022 162,545
Additions 8,934
Disposals (335 )
At 31 May 2023 171,144
DEPRECIATION
At 1 June 2022 100,652
Charge for year 8,361
Eliminated on disposal (29 )
At 31 May 2023 108,984
NET BOOK VALUE
At 31 May 2023 62,160
At 31 May 2022 61,893